Yotpo heading to Nasdaq at $2.5 billion valuation | Ctech

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The Israeli marketing service company will be aiming to raise $400-500 million in its IPO

Five months after completing a $230 million funding round at a $1.4 billion valuation, Tel Aviv-based marketing service Yotpo is preparing to go public on Nasdaq. Calcalist has learned that Yotpo is aiming to raise $400-500 million in its initial public offering (IPO), which is set to take place at the beginning of 2022 at a valuation of $2-2.5 billion.

Yotpo is expected to select the investment banks that will lead the IPO in the coming weeks, with company representatives meeting five leading banks over recent months. Yotpo is being accompanied through the process by attornies the Meitar Law firm.
Yotpo

Article source: https://www.calcalistech.com/ctech/articles/0,7340,L-3913949,00.html